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REIT Focus: Commonwealth REIT
Joseph Ori • Tue, May 21 • 17 Comments
CommonWealth REIT Shareholders Fight For Control
TheScottMarket • Sun, Mar 3 • 24 Comments
CommonWealth REIT In Play
TheScottMarket • Fri, Mar 1 • 11 Comments
CommonWealth's Questionable Stock Offering Sparks Controversy
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CommonWealth Management Needs To Go
Hype Zero • Tue, Oct 30, 2012 • 68 Comments
CommonWealth REIT's Exceptional Portfolio Is Spoiled By The Public Perception Of RMR
Dane Bowler • Thu, Sep 13, 2012 • 22 Comments
External Manager RMR Causes Concern At CommonWealth REIT
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CommonWealth REIT: New Bond Not Attractive
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CommonWealth REIT: Beware The Dividend Trap
Rubicon Associates • Tue, May 15, 2012 • 55 Comments

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CommonWealth REIT Management Discusses Q1 2013 Results - Earnings Call Transcript
Wed, May 8
CommonWealth REIT Management Discusses Q4 2012 Results - Earnings Call Transcript
Mon, Feb 25 • 4 Comments
CommonWealth REIT's Management Discusses Q3 2012 Results - Earnings Call Transcript
Wed, Nov 7, 2012
CommonWealth REIT Management Discusses Q2 2012 Results - Earnings Call Transcript
Wed, Aug 8, 2012 • 10 Comments
CommonWealth's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Thu, May 3, 2012
CommonWealth REIT's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Thu, Feb 23, 2012 • 1 Comment
CommonWealth REIT Management Discusses Q3 2011 Results - Earnings Call Transcript
Wed, Nov 2, 2011
CommonWealth REIT's CEO Discusses Q2 2011 Results - Earnings Call Transcript
Wed, Aug 3, 2011

CommonWealth REIT Issues Open Letter to Shareholders

Business Wire (Mon, 10:37AM)
CommonWealth REIT Comments on ISS Report

Business Wire (Fri, 12:03PM)
Final Trade: Your First Move for Tuesday, June 4

at CNBC.com (Jun 3, 2013)
Final Trade: Your First Move for Thursday, May 30

at CNBC.com (May 29, 2013)
CommonWealth REIT Announces Annual Meeting Results

Business Wire (May 15, 2013)
Maryland State Court Upholds CommonWealth REIT’s Arbitration Bylaw

Business Wire (May 8, 2013)
CommonWealth REIT Announces 2013 First Quarter Results

Business Wire (May 8, 2013)
CommonWealth REIT First Quarter 2013 Conference Call Scheduled for Wednesday, May 8th

Business Wire (May 6, 2013)
CommonWealth REIT Makes Investor Presentation Available

Business Wire (Apr 22, 2013)
CommonWealth REIT Responds to Corvex/Related

Business Wire (Apr 19, 2013)
CommonWealth REIT Urges Shareholders to Take No Action on Corvex/Related’s Purported Consent Solicitation

Business Wire (Apr 18, 2013)
CommonWealth REIT Responds to Corvex/Related Record Date Request

Business Wire (Apr 18, 2013)
CommonWealth REIT Rejects Conditional Offer by Corvex/Related and Adopts Provisions of Maryland Unsolicited Takeovers Act

Business Wire (Apr 15, 2013)
CommonWealth REIT Issues Statement in Response to Corvex and Related

Business Wire (Apr 9, 2013)
CommonWealth REIT Announces Quarterly Common and Preferred Dividends

Business Wire (Apr 8, 2013)
CommonWealth REIT Confirms Receipt of Unsolicited Indication of Interest from Corvex / Related

Business Wire (Mar 28, 2013)
CommonWealth REIT Announces Final Tender Results

Business Wire (Mar 25, 2013)
CommonWealth REIT Announces the Filing of a Registration Statement for Possible Sale of Select Income REIT Common Shares

Business Wire (Mar 25, 2013)
CommonWealth REIT Files Preliminary Consent Revocation Materials

Business Wire (Mar 18, 2013)
CommonWealth REIT Urges Shareholders to Take No Action at This Time Regarding the Proposed Consent Solicitation

Business Wire (Mar 13, 2013)

CWH vs. ETF Alternatives

Company Description

Currently, there's no company description for CWH.

Sector: Financial

Industry: REIT - Office

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 19, 3:42 PM Attempting to alleviate any shareholder concern over accelerated debt repayments, Corvex and Related pledge to offer to buy 51% of CommonWealth REIT's (CWH -0.7%) outstanding debt should they win the ouster of the company's entire board. 1 Comment [Financials]
Tuesday, June 18, 9:18 AM In maybe more good news for CommonWealth REIT (CWH) shareholders, proxy advisory firm Glass Lewis - typically a supporter of managements - recommends clients vote to remove the entire board of the company. "(Management's) interests are significantly misaligned with those of CW's shareholders ... and the external management structure provides for value transfers to the Manager irrespective of the losses realized by investors in the Trust." Comment! [Financials]
Tuesday, June 18, 8:05 AM Luxor Capital (about $5B in AUM) boosts its stake in American Realty Capital Properties (ARCP) to more than 17M shares (9.2% of the company) from about 4M previously. The stock is now Luxor's 3rd largest individual holding. Other REITs owned by Luxor include: CommonWealth (CWH), Realty Income (O), Equity Residential (EQR), and AvalonBay (AVB). Comment! [Financials]
Monday, June 17, 11:12 AM CommonWealth REIT (CWH +1.1%) responds to Corvex and Related's latest letter, urging shareholders not to take any action, again insisting the consent solicitation is not valid and masks C&R's intent to seize control of the company at a bargain price. (PR) Comment! [Financials]
Monday, June 17, 9:17 AM CommonWealth REIT (CWH) shareholders get another letter from Corvex and Related urging them to vote the board out. "We believe this continued value destruction is by design ... without immediate change we believe the Portnoys will continue on their path." The dissidents note ISS has recommended voting for dismissal of the entire board. 3 Comments [Financials]
Thursday, May 30, 10:20 AM It's not about becoming an activist investor, says Related Cos. CEO Jeff Blau - speaking on Bloomberg - of his firm's 9.2% stake (partnering with Corvex) in CommonWealth REIT (CWH +1.6%). His team's bottoms up analysis of CommonWealth's properties found them to be wildly undervalued. It's the REIT's "antiquated" structure (externally managed) holding this value back from being realized. Run this thing like a proper REIT, he argues, and the stock will trade at or above its NAV. 8 Comments [Financials]
Saturday, May 25, 6:30 PM To what extent should boards take direction from shareholders? Not much, in the eyes of CommonWealth REIT (CWH) and Urban Outfitters (URBN). Each has done a noble job of thumbing its nose at investors; the former by reinstating a director kicked out in a proxy vote, and the latter by finally giving into shareholders' wishes to elect a female director - by nominating the CEO's wife. (NYT, Gretchen Morgenson) 1 Comment
Thursday, May 16, 12:18 PM The Portnoys do it again. After Hospitality Properties Trust (HPT) director Bill Lamkin fails to win enough votes to stay on and resigns, the board immediately reappoints him, calling his defeat a result of CalPERS' activism. HPT is managed by Portnoy-controlled Reit Management & Research, the operator of CommonWealth REIT (CWH). Yesterday: Tragicomedy at CommonWealth. 11 Comments [Financials]
Wednesday, May 15, 1:26 PM "It is alarming that CommonWealth's (CWH +1.5%) board would take a mulligan," says Corvex and Related, commenting on the immediate re-appointment of a director after he failed to receive enough shareholder votes to remain. "They have complete and utter disregard for (shareholder) rights and will stop at nothing to further the Portnoy's self-serving agenda." The stock has turned nicely higher. Is it possible this act of chutzpah by the board was the last straw? 3 Comments [Financials, On the Move]
Wednesday, May 15, 10:31 AM Classic stuff. CommonWealth REIT (CWH) reappoints Joseph Morea to the board after he's forced to resign following his not getting enough votes to stay on at the annual meeting. "Tragicomedy in REIT land," tweets an observer. 5 Comments [Financials]
Thursday, May 9, 9:03 AM Responding to yesterday's court ruling on CommonWealth REIT (CWH) going against them, Corvex and Related call it a technicality and look forward to the beginning of arbitration. They remind the ruling does not involve the consent solicitation, which the two are continuing with as they attempt to unseat the entire board. (PR) Comment! [Financials]
Wednesday, May 8, 9:10 PM In a blow to investors seeking to oust the CommonWealth REIT (CWH) board, a Maryland judge rules the dispute must be resolved through arbitration. Corvex and Related sued after the Board rejected their $27/share buyout offer and instead went ahead with a secondary offering at $19. CommonWealth then filed for arbitration as allowed by its bylaws - a process stacked against shareholders, say the plaintiffs. CommonWealth reported earnings today, but the CC dialogue was strictly limited to operations. 9 Comments [Financials]
Wednesday, May 8, 7:49 AM More on CommonWealth REIT (CWH) Q1 earnings: The conference call may be where the action is on this one, and it's set for 1 ET (webcast). Normalized FFO/share of $0.78 down from $0.90 a year ago. No acquisitions or agreements to acquire made during quarter. Company reports a 90% occupancy rate, flat from a year ago. (PR) 2 Comments [Financials, Earnings]
Wednesday, May 8, 7:05 AM CommonWealth REIT (CWH): Q1 FFO of $0.78 beats by $0.05. Revenue of $275M. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, May 8, 12:05 AM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Tuesday, May 7, 5:30 PM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]

Wilson Wang
$CWH, I still can't get how insiders can get away with the things they've done to the company...
May 17, 8:27 PM
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Chris DeMuth Jr.
Corvex presenting $CWH this morning. It is worth about 1/3 above where it is trading today. The current board is poorly defended.
Apr 22, 9:49 AM
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Chris DeMuth Jr.: Yes.
May 6, 2:07 PM
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Steven Reiman: A board member is voted out....but is then re-appointed to the board by management. Corporate governance is pretty laughable these days.
May 15, 9:40 AM
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Rubicon Associates
$CWH sells $GOV, is $SIR next?
Mar 13, 8:45 AM
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Rubicon Associates
Government Properties $GOV said CommonWealth REIT $CWH has sold its remaining position in GOV at a price of $25.20 per share. RMR shell game
Mar 12, 9:34 AM
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Rubicon Associates
$CWH - 30M share Secondary priced at $19.00. RMR has to go!
Feb 28, 9:46 AM
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AlbionWood: Would love to see explanation for that decision. Who wants $25 when we can dilute for $19?
Feb 28, 2:11 PM
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Rubicon Associates: If nothing else, this has made the whole management issue public. I would foresee a proxy fight at the least. P/FFO is 1/3 of comps.
Feb 28, 3:32 PM
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Rubicon Associates
$CWH Related and Corvex said they see the opportunity to "meaningfully increase" their $25 offer after due diligence. Shares +48% today
Feb 26, 3:13 PM
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wigit5: I think they upped it to $27 a share yesterday no?
Feb 28, 9:12 AM
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wigit5: although I guess since they went ahead with the secondary that deal is off the table.
Feb 28, 9:25 AM
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Rubicon Associates
$CWH hits 52wk high, up 30% on the day. Div yld is now 4.3%. The prospect of removing management has created more value than management.
Feb 26, 10:29 AM
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Rubicon Associates
$CWH - maybe RMR will stop their value destruction due to Corvex and Related. Was called crazy when I wrote http://seekingalpha.com/a/cmj3
Feb 26, 9:48 AM
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John Cofran
out of $CWH with net 7.4% position loss
12/19/11
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Dividend Sheet
Best Yielding Diversified REITs: http://bit.ly/tuKUAJ + $CIM $MFA $NLY $ANH $CWH $STWD $CLNY $RWT $IRETP $FUR $BDN $GTY $EXL $LXP $NNN $FPO
10/28/11
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Scott Molinaroli: well. performs well.
2/6/12
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madav1138: it do.
2/6/12
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LATEST REPLIES

Chris DeMuth Jr.
Corvex presenting $CWH this morning. It is worth about 1/3 above where it is trading today. The current board is poorly defended.
Apr 22, 9:49 AM
Reply (7)

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Chris DeMuth Jr.: Yes.
May 6, 2:07 PM
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Steven Reiman: A board member is voted out....but is then re-appointed to the board by management. Corporate governance is pretty laughable these days.
May 15, 9:40 AM
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140 characters

Rubicon Associates
$CWH - 30M share Secondary priced at $19.00. RMR has to go!
Feb 28, 9:46 AM
Reply (4)

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AlbionWood: Would love to see explanation for that decision. Who wants $25 when we can dilute for $19?
Feb 28, 2:11 PM
• !Report Abuse
Rubicon Associates: If nothing else, this has made the whole management issue public. I would foresee a proxy fight at the least. P/FFO is 1/3 of comps.
Feb 28, 3:32 PM
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140 characters

Rubicon Associates
$CWH Related and Corvex said they see the opportunity to "meaningfully increase" their $25 offer after due diligence. Shares +48% today
Feb 26, 3:13 PM
Reply (2)

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wigit5: I think they upped it to $27 a share yesterday no?
Feb 28, 9:12 AM
• !Report Abuse
wigit5: although I guess since they went ahead with the secondary that deal is off the table.
Feb 28, 9:25 AM
• !Report Abuse
Add a reply...

140 characters

Dividend Sheet
Best Yielding Diversified REITs: http://bit.ly/tuKUAJ + $CIM $MFA $NLY $ANH $CWH $STWD $CLNY $RWT $IRETP $FUR $BDN $GTY $EXL $LXP $NNN $FPO
10/28/11
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Scott Molinaroli: well. performs well.
2/6/12
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madav1138: it do.
2/6/12
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CommonWealth REIT